Overview of Shatoreenu 5 (シャトレーヌ５)
Shatoreenu 5 (シャトレーヌ５) is a 30-year-old condominium located at Kakamigahara Shi Unuma Yamazaki Machi 8 Choume 166 (各務原市鵜沼山崎町8丁目166), Gifu, Japan. Built in 1996, it comprises 15 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimura Kensetsu (西村建設).
Pricing & Floor Plans
Based on 9 past listings, prices have ranged from 570〜1,348万円 (approx. $38,000–$89,867 USD at ¥150/$).
Unit sizes range from 68.1–72.9 sqm (733–785 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Kakamigahara Shi Unuma Yamazaki Machi 8 Choume 166 (各務原市鵜沼山崎町8丁目166), Gifu, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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